Podcast
Questions and Answers
What is the main objective of business?
What is the main objective of business?
- To facilitate transportation
- To generate profit (correct)
- To satisfy complex needs of society
- To produce goods and services
Which activity is considered as an example of agricultural production?
Which activity is considered as an example of agricultural production?
- Cultivating food-grains on a piece of land (correct)
- Manufacturing goods in a factory
- Transporting goods from producer to consumer
- Converting oil seeds into edible oil
What is included in the process of distribution in business?
What is included in the process of distribution in business?
- Cultivating a piece of land
- Warehousing and advertising (correct)
- Growing food-grains
- Manufacturing products
Which statement best describes the role of business in society?
Which statement best describes the role of business in society?
What distinguishes manufacturing from agricultural production in business?
What distinguishes manufacturing from agricultural production in business?
What is the main difference between economic and non-economic activities?
What is the main difference between economic and non-economic activities?
Why is stitching done by a mother considered a non-economic activity?
Why is stitching done by a mother considered a non-economic activity?
Which of the following is NOT an example of a non-economic activity?
Which of the following is NOT an example of a non-economic activity?
What defines an economic activity according to the text?
What defines an economic activity according to the text?
Why is tailoring considered an economic activity?
Why is tailoring considered an economic activity?
How are economic activities essential for individuals according to the text?
How are economic activities essential for individuals according to the text?
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